Industry

The Securities America move underscored the intensity with which advisory firms are competing for talent, executive search experts said.

Breaking into the brokerage business is getting tougher as declining fees make small accounts less profitable and government restrictions on unsolicited calls make phone sales taboo. That’s leaving big firms struggling to replace a retiring generation of advisors.

Goldman Sachs has filed to launch the Multi Asset Real Return Fund. The fund seeks real return by investing in inflation-sensitive assets.

Goldman Sachs has been “deficient” in linking compensation to company performance, Glass Lewis said in a report, which also opposed the re-election of compensation committee Chairman James A. Johnson. ISS said in a May 8 report that shareholders should vote for Johnson at the New York-based bank’s May 23 annual meeting.

Independent advisors should be preparing themselves more aggressively for sale and consolidation, a new study says.

The firm has hired four wealth sales directors in Los Angeles and Newport Beach to drum up business.

Federated Investors has named Ihab L. Salib as senior portfolio manager of Federated Emerging Market Debt Fund.

AXA Investment Managers has appointed Lawrence Remstedt director of institutional development and relations.

Janus Capital Group announced a number of portfolio management changes on Monday.

Daniel Martino will replace Joseph M. Milano as portfolio manager of the T. Rowe Price New America Growth Fund (PRWAX) effective May 13, according to a May 10 filing with the Securities and Exchange Commission.